THE RENEWABLE RESOURCE PRIVATE LOAN PROGRAM

Private loans may not exceed $400,000, and are funded from sale proceeds of general obligation bonds. Loan interest rates will be the same rate as that of the state bond. Repayment periods may not exceed 30 years, and are limited to the life of the project. Repayments on the loan are generally in annual installments. APPLICATION AND APPROVAL PROCESS. Loan applications are accepted by DNRC … ................
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